Business Planning

The four financial statements used in small businesses are the balance sheet, income statement, cash flow statement, and statement of changes in equity. These documents provide an overview of a business’s financial health, including its assets, liabilities, revenue, expenses, and more. They help business owners track their performance and make informed decisions for the future.

Creating a BUDGET for your STARTUP is ESSENTIAL if you want your business to SUCCEED! Knowing how much money is at your disposal and how to allocate it guarantee you will be able to MANAGE your FINANCES and reach YOUR GOALS. Read on for an explanation of the EXACT process for creating a budget, including the TYPES OF EXPENSES you should include, BUDGETING TOOLS to aid you, and TIPS to ensure you remain on TRACK.

A VISION STATEMENT is an absolute MUST for any business, providing explicit goals and objectives that will DRIVE the organization forward. It is a POWERFUL tool that can be used to INSPIRE employees, ATTRACT investors, and INFORM decision making. Crafting an exceptional vision statement requires CLARITY and PRECISION in conveying the company’s purpose and ambition, while also providing FOCUS and DIRECTION for the future.

A MISSION STATEMENT is a DECLARATION OF PURPOSE and VALUES that serves as a COMPASS for your business. It guides the direction of your company and provides a FRAMEWORK for creating GOALS and MAKING DECISIONS. Formulating a mission statement KEEPS YOUR BUSINESS FOCUSED on its CORE OBJECTIVES and VALUES, ensuring its PROSPERITY for the long haul.